Cycle BTC Review: $1 in, $3 out micro Ponzi cycler
There is no information on the Cycle BTC website indicating who owns or runs the business.
The Cycle BTC website domain (“cyclebtc.com”) was privately registered on November 8th, 2016.
Alexa estimate that Nigeria (28%), Pakistan (23%) and the Philippines (17%) are currently the largest sources of traffic to the Cycle BTC website.
It is highly likely that whoever is running Cycle BTC is based out of one or more of these three countries.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
The Cycle BTC Product Line
Cycle BTC has no retailable products or services, with affiliates only able to market Cycle BTC affiliate membership itself.
The Cycle BTC Compensation Plan
Cycle BTC affiliates purchase $1 positions in a 2×2 matrix cycler.
A 2×2 matrix places an affiliate at the top of a 2×2 matrix, with two positions directly under them:
These two positions form the first level of the matrix. The second level of the matrix is generated by splitting each of these two positions into another two positions each.
There are six positions in total to fill in 2×2 matrix. Positions are filled when new and existing Cycle BTC affiliates purchase new $1 positions.
Each time a Cycle BTC affiliate fills their 2×2 matrix, they are paid a $3 commission.
Joining Cycle BTC
Cycle BTC affiliate membership is free, however affiliates must purchase at least one $1 matrix position to participate in the attached income opportunity.
All payments within Cycle BTC (both paid and received) are made in bitcoin.
Cycle BTC is a simple $1 in, $3 out Ponzi scheme.
There is no external source of revenue, with the $3 cycle commission generated solely via the recycling of newly invested funds.
The use of newly invested funds to pay off existing Cycle BTC affiliates makes it a Ponzi scheme.
As with all Ponzi schemes, once affiliate recruitment dies down so too will cycling. This will cause the majority of Cycle BTC matrices to stall, before the company collapses altogether.
Albeit a micro-Ponzi, nonetheless once Cycle BTC collapses the majority of affiliates will lose money.